Will Smith finally returns to the cinema with emancipation after his slap at Chris Rock during the Oscars
© Asrell Colbert/Appletv \+ Will Smith tries to return to the front of the Hollywood scene. After having created great controversy by slapping Chris Rock at the Oscars ceremony which took place last March, the American actor wishes to be talked about again for what he can do best: play At the movie theater.
In a move that further separates parent company Sinclair Broadcast Group from the Bally Sports regional sports channels it purchased three years ago, Diamond Sports Group, the subsidiary that oversees the 19 Bally-branded RSNs, has named former NBC Sports and ESPN executive David Preschlack as its new CEO. © Getty Images null
The move, according to the Sports Business Journal's John Ourand, comes as creditors have become increasingly "frustrated with the animosity that has developed" between Sinclair and Bally's major sports-league partners, specifically Major League Baseball.
To date, only five of the 14 MLB teams licensed by Bally Sports participate in the RSNs new direct-to-consumer streaming service, Bally Sports Plus.
Emancipation's Antoine Fuqua defends release of new Will Smith movie following Oscars slap
"We've seen a lot of people get awards that have done some really nasty things."The actor infamously slapped presenter Chris Rock during the Academy Awards ceremony earlier this year, with the new Apple TV+ drama marking the actor's first project since the incident.
Extrapolating for Next TV in a Monday morning email exchange, Ourand said these relationships have been "strained for years."
Diamond's board hopes that Preschlack, a 25-year sports-media veteran who most recently served as president of NBC Regional Sports Networks, will provide the league partners with more confidence that their TV audiences can still grow as linear pay TV erodes and direct-to-consumer streaming is still in its nascent stages.
"The creditors hope that new blood at Bally’s will start to turn that around," he added.
Also read: Bally Sports Breaks Bad: With Subs Down 10% and Cash-Flow Half of 2022 Projections, Increasingly Desperate Sinclair Looks to 'Deleverage'
Sinclair and its Diamond subsidiary remain heavily in debt following the purchase of 21 Fox Sports regional sports networks three years ago for $9.6 billion.
Will Smith arises after months the questions about his career low: "Why did you beat this man, uncle wants?"
Will Smith has withdrawn from the public after the Oscar scandal. Now he returns to the spotlight and reflects his drastic reaction at the award ceremony. © Apple TV+ Will Smith after months the questions about his career low: "Why did you beat this man, uncle wants?" The big shock of this year's Oscar Awards is still an issue in Hollywood. This is due to the fact that Will Smith is now in public after several months.
Servicing that debt has become an issue, with the RSN's distribution down 10% year over year and cash flow coming in at half of start-of-2022 projections. Diamond just took a $1.2 billion write-off on the value of its RSNs.
Meanwhile, Sinclair just reported "high engagement" on the Bally Sports Plus service launched over the summer. But the lack of any provided user metrics has left the market skeptical that the streaming service will provide meaningful replacement revenue for declining linear pay TV channels anytime soon.
Notably, it was MLB Commissioner Rob Manfred's comments while being interviewed by Ourand at the CAA World Congress event back in October of 2021 that revealed the lack of confidence MLB has in Sinclair.
Yes, Manfred conceded, MLB's 14 teams licensing their content to Bally Sports channels needed more reach, but he wasn't sure at all that Bally Sports Plus was an effective way to achieve that goal.
Will Smith: Emancipation was a difficult film to make
Will Smith declares that "Emancipation" was a "monster" of film to be made due to production delays. © provided by Bang Showbiz Will Smith Will Smith declares that the film "Emancipation" was "brilliant" to make. The 54 -year -old actor plays the role of a slave called Peter in Antoine Fuqua's film and was grateful for Apple's support while production has undergone delays.
One thing Manfred was sure about: All that debt Sinclair took on to buy its RSNs was a problem. "There's excessive leverage on that business," he said
Since that time, five of those 14 MLB teams have signed onto the $20-a-month Bally Sports Plus service, as have all of the NBA and NHL franchises under the Bally Sports umbrella.
But the 2023 MLB season just over 100 days away. It would be a major bummer for Bally Sports Plus to be constricted from carrying its MLB teams in nine of its markets.
Meanwhile, according to analysts, the leagues have "sobered up" in terms of their attitude toward Bally Sports -- they need find a way to work with the RSNs to keep the revenue up ... and their mega-expensive player payrolls met.
And that's not anywhere close to happening with their own DTC services.
Any solution is going to come from working with Bally and Diamond. And with Preschlack in place, they no longer have to worry about Sinclair. ■
Will Smith Recalls The ‘Deeply Dehumanizing’ Experience Of Filming Emancipation .
Will Smith opened up about the deep emotional impact of filming Emancipation.Will Smith filmed Emancipation prior to the infamous Academy Awards, and it seems like a real contender for this year’s Awards Season. He recently hosted his own episodes of the Red Table Talk, where he spoke to his three kids about the process of filming the recently released movie. During that honest conversation he revealed the way he transformed into his character, and the way one specific prop made a huge impact.